IRS Rolls Out Online Power of Attorney and Tax Information Authorization Forms
In a News Release, IRS has announced that it has rolled out a new online option that will help tax professionals …
IRS Releases Final REGs on Exempt-Organization Executive Compensation
The IRS has released final regs under Code Sec. 4960, which imposes an excise tax on compensation in excess of …
Annual Rev Proc Lists Issues Associate Chief Counsel (International) Won’t Rule On
The IRS has issued the annual revenue procedure that provides a list of issues for which the Associate Chief Counsel …
IRS Online EIN Application Website Closed for Annual Maintenance
IRS has announced, on its employer identification number (EIN) online application website, that its online EIN application service will be …
Final REGs Issued on Small Business Tax Accounting & Long-Term Contracts
IRS has issued final regs that implement legislative changes to Code Sec. 263A, Code Sec. 448, Code Sec. 460, and Code Sec. 471 that simplify …
IRS Announces the Delay of Electronic Filing for Form 4720
In a Notice, the IRS has announced that it has delayed the requirement for private foundations to electronically file Form …
IRS Finializes REGs on Rollover Period for a Qualified Plan Loan Offset Amount
Treasury Decision 9937– Rollover Rules for Qualified Plan Loan Offset Amounts The IRS has released final regs on the rollover …
Draft 2021 Instructions for Forms 1099-MISC and 1099-NEC Released
The IRS has released draft 2021 instructions for Form 1099-MISC, Miscellaneous Information, and Form 1099-NEC, Nonemployee Compensation. Among the changes …
Chief Counsel Memo Discusses Fees for Income Verification
In a redacted Program Manager Technical Advice (PMTA) memo, IRS Chief Counsel has addressed the fees for income verification required …
Tax Policy Outlook Uncertain as Key Senate Races Head to Runoff
By Melissa A. Oaks, J.D., LL.M. …